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American Eagle Gains on Raised View and Tailgate Buyout

U.S. retailers' October same-store sales

Shares of American Eagle Outfitters Inc. AEO soared 7.86% yesterday after it announced the acquisition of Tailgate Clothing Company and simultaneously raised its earnings per share forecast for the third quarter of fiscal 2015.

American Eagle revealed that the acquisition of Tailgate Clothing Company add two new brands to its portfolio, namely Tailgate and Todd Snyder New York. The acquisition, valued at $11 million, was made through cash and stock.

Tailgate is a classic, sports-related apparel brand with a college town store concept, which has a more localized approach. This brand incorporates style and quality with regular college-wear. On the other hand, Todd Snyder New York is a premium menswear brand. While the Tailgate brand sells its merchandise through the first college town store in Iowa City, IA and at www.tailgateclothing.com, Todd Snyder New York is available at certain department stores and boutiques, and at ToddSnyder.com.

American Eagle expects the addition of these brands to...


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